Wealth Concentration in the U.S. after Augmenting the Upper Tail of the Survey of Consumer Finances. Bricker, J., Hansen, P., & Volz, A. H. Economics Letters, 184:1–4, 2019. Link doi abstract bibtex We augment SCF wealth data with a Pareto distribution and also by adding wealth of the Forbes 400 (who are excluded in SCF sampling). The wealth share of the top 1% typically increases by 1.5 percentage points under each correction.
@article{Brickeretal2019,
title = {Wealth Concentration in the {{U}}.{{S}}. after Augmenting the Upper Tail of the Survey of Consumer Finances},
author = {Bricker, Jesse and Hansen, Peter and Volz, Alice Henriques},
year = {2019},
journal = {Economics Letters},
volume = {184},
pages = {1--4},
doi = {10.1016/J.ECONLET.2019.108659},
url = {https://doi.org/10.1016/j.econlet.2019.108659},
abstract = {We augment SCF wealth data with a Pareto distribution and also by adding wealth of the Forbes 400 (who are excluded in SCF sampling). The wealth share of the top 1\% typically increases by 1.5 percentage points under each correction.},
keywords = {Methods of Estimation of Wealth Inequality}
}
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